Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
FAITHBELLE FAITHBELLE
wrote...
Go to Answer
Posts: 411
Rep: 3 0
5 years ago
Table 18-6

Income Tax BracketMarginal Tax Rate
$0 - 8,00012%
8,001 - 22,00017%
22,001 - 48,00025%
48,001 and over 38%
Table 18-6 shows the income tax brackets and tax rates for single taxpayers in Calpernia.


Refer to Table 18-6. Sasha is a single taxpayer with an income of $60,000. What is his marginal tax rate and what is his average tax rate?

• marginal tax rate = 38%; average tax rate = 23%

• marginal tax rate = 17%; average tax rate = 21%

• marginal tax rate = 38%; average tax rate = 24%

• marginal tax rate = 23%; average tax rate = 38%
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 50 times
1 Reply
Replies
Answer verified by a subject expert
JennyyyJennyyy
wrote...
#1
Posts: 391
Rep: 64 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

FAITHBELLE Author
wrote...

5 years ago
You make an excellent tutor!
fxinternational
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kevin12323h
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1372 People Browsing
 103 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 225
  
 2321
  
 988